Mortgage rates to drop more!
This update is from a lender that I trust, Jocelyn Predovich…
This morning the Treasury Yields have fallen to their lowest point, but Mortgage Backed Securities (MBS) have not moved hardly at all. There has been a HUGE 2 day movement in the 10 year Treasury, but mortgage rates have not moved.
Rates will move when bond investors see a buying opportunity. One of the most respected investors in the country, Bill Gross of Pimco, has made a huge investment in MBS securities.
I would expect many more investors to follow and therefore mortgage rates to drop meaningfully.
For more reading:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aDeg8Y.vicaU&refer=home
Jocelyn Predovich
Licensed Mortgage Consultant
303-325-3578
Now is a great time to buy! Please do not hesitate to contact me with any questions.
Your friend in the Real Estate business,
Shelli Dore
www.ShelliDore.com